Shibnobi crypto (SHINJA) is a community-driven organ that aims to develop a multi-chain swap on a Defi ecosystem. Launched in November 2021, the Shibnobi token targets to achieve simplicity and safety for investors who are new to the domain
SHINJA token is built on Kusari Blockchain and operates through the Proof-of-Stake consensus that is hard forked from Ethereum blockchain. One of the advantages of the Shibnobi token is that it offers cheaper gas fees than Ethereum and greater transaction speed than Ethereum.
How is Shibnobi’s price faring?
Shibnobi is governed by its native token SHINJA and is ranked 2935 on CoinMarketCap. SHINJA token on 16 February was trading at US$1.28e-14 with a trading volume of US$4,358,923 over a day. At the time of drafting, Shinja token was up by 16.61%. Although the circulating supply is not listed on CoinMarketCap, but the website claims that the token has 37,507,764,933,034,490,000,000 SHINJA coins in circulation.
Though relatively new, Shibnobi token has managed to carve a niche for itself with strong fundamentals. Investors will be looking forward to more of such sunny days. The exchange listing, which is due later this month, could perhaps draw more attention towards the project and will be looking to make up for the losses which it had incurred over the past few weeks.